Empirical Finance LLC Buys 323 Shares of American International Group, Inc. (NYSE:AIG)

Empirical Finance LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,177 shares of the insurance provider’s stock after buying an additional 323 shares during the quarter. Empirical Finance LLC’s holdings in American International Group were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in American International Group by 348.6% during the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock worth $4,506,000 after acquiring an additional 44,797 shares during the last quarter. OFI Invest Asset Management grew its holdings in shares of American International Group by 2,208.3% in the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock valued at $710,000 after buying an additional 9,805 shares during the period. Bessemer Group Inc. increased its position in shares of American International Group by 64.3% in the 1st quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock valued at $2,227,000 after buying an additional 11,149 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in American International Group by 8.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider’s stock worth $11,081,000 after buying an additional 10,581 shares during the period. Finally, Ceeto Capital Group LLC bought a new position in American International Group during the first quarter worth about $625,000. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIG. Keefe, Bruyette & Woods lowered their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised shares of American International Group from a “neutral” rating to an “overweight” rating and cut their price target for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Bank of America raised their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upped their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.13.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

American International Group Stock Up 0.0 %

NYSE:AIG opened at $75.77 on Friday. American International Group, Inc. has a twelve month low of $63.57 and a twelve month high of $80.83. The firm has a market capitalization of $47.26 billion, a price-to-earnings ratio of -22.35, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $75.20 and its two-hundred day moving average price is $75.68.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. Equities research analysts expect that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.